A lot of bullish commentators are talking about a recovery being in the works, and they may very well be right. But it is not going to look like any recovery worthy of the name. This week we look at what I will call The Statistical Recovery. But first, we take a look at what China is doing, as we continue our look at the rest of the world and ponder if it is time to brace ourselves for an extended bout of the Muddle Through Economy*. (And yes, there is an asterisk.)